Citadel Ups Stake in Video-Game Maker Take-Two to 6%

By Brendan Conway

Hedge-fund managerCitadel Investment Groupdisclosed in a filing today that its stake in video-game maker Take-Two Interactive Software (TTWO) has risen to 5.5 million shares, or about six percent of the company.

That might help explain why Take-Two’s stock — down 19% YTD — is flat at $11 as the rest of the market sells off Friday.

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Chris Dieterich has covered the U.S. stock market for The Wall Street Journal and Dow Jones Newswires. He is a graduate of Regis University and the Missouri School of Journalism.